Who gets it
The Treasury's pilot program deposits $1,000 once into the Trump Account of a child who:
- was born between January 1, 2025 and December 31, 2028,
- is a U.S. citizen,
- has a Social Security number issued before the election, and
- has an adult who elects it on Form 4547 and expects the child to be their qualifying child for that year.
How to get it
It is not automatic. File IRS Form 4547 in the Trump Accounts app, at trumpaccounts.gov, in your IRS Individual Online Account, or with your tax return. The Treasury pays it after the election is processed and the account is open. The first deposits were made after July 4, 2026.
How it is treated
- It does not count toward the $5,000 a year that family, friends and employers can add.
- Each child can receive it only once.
- It was never taxed, so when it is withdrawn after the child turns 18 it is taxed as ordinary income, like the account's growth.
What it could grow to
Left alone at 7% a year after fees, $1,000 for a child born in 2026 could be worth about $3,400 by the end of the year they turn 17. With $50 a month from family it could be about $22,500. Try your own numbers.
Employers that match it
Several employers, including Goldman Sachs, Edward Jones, Delta and Dell Technologies, have announced they will match the $1,000 for their employees' children. Ask your HR team, and if you run a business, see how to offer it.
Questions people ask
Is the $1,000 Trump Account deposit automatic?
No. An adult has to elect it on IRS Form 4547, in the app, online, or with a tax return.
Which children get the $1,000?
U.S. citizen children born January 1, 2025 through December 31, 2028, with a Social Security number.
My child was born in 2024. Do they get it?
No. Children born before 2025 can still have a Trump Account and receive family, employer and donor money, and those born 2016 through 2024 may get the $250 Dell gift.
Does the $1,000 count toward the $5,000 limit?
No. The pilot deposit is outside the yearly limit.
Is the $1,000 taxed?
Not when it goes in. It is taxed as ordinary income when withdrawn after the child turns 18.
General information, not tax or legal advice. Rules can change; check IRS.gov and trumpaccounts.gov before you act.